Corvus Gold Joins OTCQX

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2011) - Corvus Gold Inc. (TSX:KOR)(OTCQX:CORVF) ("Corvus" or the "Company") is pleased to announce that common shares of the Company commenced trading on OTCQX International, the highest tier of the OTC market in the United States, under the symbol CORVF on May 9, 2011. The Company's common shares will continue to trade on the Toronto Stock Exchange under the symbol KOR.

"We are very pleased to join an impressive and rapidly growing list of international companies whose shares trade on the OTCQX," said Jeff Pontius, Chairman and Chief Executive Officer of Corvus. "In line with our commitment to raise investor awareness of Corvus' activities, and as a Canadian-listed company with assets located in Nevada and Alaska, OTCQX expands our exposure to the equities markets in the United States and offers U.S. investors an efficient and transparent forum on which to participate in the Company's ongoing developments."

OTC Markets Group Inc. (OTCQX:OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

About Corvus Gold Inc.

Corvus Gold Inc. is a resource exploration company focused in Alaska and Nevada which controls a number of exploration projects representing a spectrum of early-stage to advanced gold projects. Corvus is committed to building shareholder value through new discoveries and leveraging those discoveries via partner funded exploration work into carried and or royalty interests that provide shareholders with exposure to gold production.

On behalf of Corvus Gold Inc.

Jeffrey A. Pontius, Chairman and Chief Executive Officer

All of the Company's Canadian public disclosure filings may be accessed via www.sedar.comand readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.